Houlihan Lokey Advises LightRidge Solutions

Houlihan Lokey is pleased to announce that LightRidge Solutions (LightRidge), a portfolio company of ATL Partners, has acquired Trident Systems (Trident). The transaction closed in June 2023.

LightRidge Solutions provides advanced sensing, processing, and automation solutions for demanding missions at an order of magnitude lower cost than traditional systems. LightRidge’s high-performance sensors and electronics in small-form factors enable the proliferation of resilient and affordable space architectures for the U.S. military and intelligence communities as well as selected commercial and international customers. Dedicated to the rapidly evolving needs of the U.S. government and industry partners, LightRidge is transforming survivability and resilience, domain awareness, ISR, and communications solutions for some of the nation’s most challenging missions.

ATL Partners, the owner of LightRidge, was founded in 2014. ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation, and logistics companies. ATL brings deep sector expertise to its investment approach, with 10 investment professionals and a network of operating resources who have decades of experience and extensive networks in each of ATL’s core sectors.

Trident Systems is a leader in multifunction space electronics and integrated C4ISR solutions. The company is well known for its highly reliable, resilient, and open-architecture space electronics encompassing multifunction, radio-frequency processors, software-defined radios, onboard processors, and data storage solutions for demanding U.S. national security space missions. Using a rapid-response, radiation-effects-mitigated design approach for deployment in harsh environments, Trident has delivered semi-custom, high-performance mission computing solutions at a significantly lower cost than traditional space processors. Trident Systems is also relied upon by a range of military and federal organizations dedicated to the design, development, and deployment of innovative command and control systems that address mission-critical needs across air, land, and sea domains.

Houlihan Lokey served as the financial advisor to LightRidge Solutions and ATL Partners.